A very simple system - trade with arrow | Page 538 | Forex Factory

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A very simple system - trade with arrow

  • #10,741
  • Sep 21, 2023 7:14am Sep 21, 2023 7:14am
Quoting lynnc
{quote}Yes its suits me at the moment. M15 is too quick and H1 is too slow
Yes, it's so true you must find the tf that suits you for the very fact that you know what to do , going to a different tf you are not accustomed to will lead to rush and bad decision during a trade. I strongly suggest to stick to the tf you are familiar with when profitable. not broken no fix, only change when you are not having the success you desire
the cautious seldom err....C
  • #10,742
  • Sep 21, 2023 7:52am Sep 21, 2023 7:52am
gone short when the arrow appears
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFxM5.png Size: 30 KB
the cautious seldom err....C
  • #10,743
  • Sep 21, 2023 8:32am Sep 21, 2023 8:32am
gone long when price hits QM level, I was slightly late but as long as it works out I'm happy., trade is at b/e with partial taken
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDxM5.png Size: 37 KB
the cautious seldom err....C
  • #10,744
  • Sep 21, 2023 8:35am Sep 21, 2023 8:35am
I missed taking partial at the day 200ema but I believe I will get at least another chance to do so
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFxM5.png Size: 30 KB
the cautious seldom err....C
  • #10,745
  • Sep 21, 2023 9:29am Sep 21, 2023 9:29am
Quoting pips29
I missed taking partial at the day 200ema but I believe I will get at least another chance to do so {image}
taken partial and locking in at b/e+
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFxM5.png Size: 31 KB
the cautious seldom err....C
  • #10,746
  • Sep 21, 2023 9:38am Sep 21, 2023 9:38am
Quoting pips29
gone long when price hits QM level, I was slightly late but as long as it works out I'm happy., trade is at b/e with partial taken {image}
I'm in EU long as well and its at BE +2. I took my EJ out just before the news for +37.3 I probably could have left it but being impatient as I am

Just missed a Ucad short that signalled...shame.
  • #10,747
  • Sep 21, 2023 9:54am Sep 21, 2023 9:54am
Quoting pips29
{quote} taken partial and locking in at b/e+ {image}
not much left on this trade but still would be nice when target gets hit
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFxM5.png Size: 31 KB
the cautious seldom err....C
  • #10,748
  • Sep 21, 2023 10:00am Sep 21, 2023 10:00am
also very little left on EU , the joy of your target getting hit is the thrill for me solely because you are proven right when target is reached. It's a great boost to your confidence imo
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDxM5.png Size: 38 KB
the cautious seldom err....C
  • #10,749
  • Sep 21, 2023 10:11am Sep 21, 2023 10:11am
Quoting pips29
also very little left on EU , the joy of your target getting hit is the thrill for me solely because you are proven right when target is reached. It's a great boost to your confidence imo {image}
I definitely feel the same.
  • #10,750
  • Sep 21, 2023 3:11pm Sep 21, 2023 3:11pm
I have closed the trade as it's getting nowhere and an arrow down was printed
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDxM5.png Size: 37 KB
the cautious seldom err....C
  • #10,751
  • Sep 21, 2023 3:18pm Sep 21, 2023 3:18pm
I was looking at this pair and the downside looks good. levels are plotted using the daily except the one in blue which is on H4...once sterling weakens again my first trade would be a short on this pair, just my view and opinion
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADxDaily.png Size: 37 KB
Click to Enlarge Name: GBPCADxH4.png Size: 37 KB
the cautious seldom err....C
  • #10,752
  • Sep 22, 2023 3:21am Sep 22, 2023 3:21am
Quoting pips29
I was looking at this pair and the downside looks good. levels are plotted using the daily except the one in blue which is on H4...once sterling weakens again my first trade would be a short on this pair, just my view and opinion {image} {image}
I took a short after an hour of the changeover where spread should be back to normal but was still high with 4 pips. It was under a pip for my other platform. Anyway, I added an entry at M15 34 ema and taken partial. The trade overnight was taken out manually
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADxM5.png Size: 33 KB
the cautious seldom err....C
  • #10,753
  • Sep 22, 2023 3:41am Sep 22, 2023 3:41am
a similar trade on my other platform which was closed manually way early, the reason being it was enough for the phase 2 challenge
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.iM5a.png Size: 29 KB
the cautious seldom err....C
  • #10,754
  • Sep 22, 2023 3:48am Sep 22, 2023 3:48am
I have closed the trade manually
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADxM15.png Size: 34 KB
the cautious seldom err....C
  • #10,755
  • Sep 22, 2023 3:52am Sep 22, 2023 3:52am
Quoting pips29
a similar trade on my other platform which was closed manually way early, the reason being it was enough for the phase 2 challenge {image}
Well done Eric!
  • #10,756
  • Sep 22, 2023 3:56am Sep 22, 2023 3:56am
Looking at the chart I think we can expect strong support @1.2200 level
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxDaily.png Size: 35 KB
the cautious seldom err....C
  • #10,757
  • Sep 22, 2023 4:21am Sep 22, 2023 4:21am
Quoting lynnc
{quote}Well done Eric!
thanks lynnc
the cautious seldom err....C
  • #10,758
  • Sep 22, 2023 7:15am Sep 22, 2023 7:15am
Quoting pips29
Looking at the chart I think we can expect strong support @1.2200 level {image}
youshould need post more on this so that we learn what you see in HTF
Do it like a Fool
  • #10,759
  • Sep 25, 2023 8:59am Sep 25, 2023 8:59am
Quoting pips29
Looking at the chart I think we can expect strong support @1.2200 level {image}
I traded the rejection of the level plotted on my chart .I have taken partial and moved the stop to b/e
EDit:stopped out
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDxM5.png Size: 37 KB
the cautious seldom err....C
  • #10,760
  • Sep 25, 2023 9:02am Sep 25, 2023 9:02am
this was the only trade I did besides cable. The finish could be better but not complaining
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADxM5a.png Size: 37 KB
the cautious seldom err....C
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